Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / RWA

SOFI

RWAAll SOFI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Paragonpara:SOFI
15.584+0.0136pay 0.0017% / 1h51m 25s$217K$22K10xLong Paragon
SHORT
BingXNCSKSOFI2USD-USDT
15.640+0.0708get 0.0708% / 8h4h 51m$949K$1.2M—Short BingX
Price gap+0.362%
Funding gap+0.0572% /8h

Both sides work: funding pays +$17 a day on $10k, and the gap is 0.024% above its 7d average: +$2 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13+0.0572% /8h now · paid +0.127% over the last 7D
Price+$2spread +0.362% now, avg +0.338% → +0.024% if it goes back
Costs−$1341.339% of $10k · taker + slippage, in and out
Result−$119−1.19%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.127% in total, about +0.0060%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.362%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOFI on 10 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size29.8 / 38.3 bp
    At $10k entering BingX costs 38.3 bp, fee and slippage, 1.3× Paragon’s.
  • Note: Margin at max leverage$1,000 + —
    Paragon 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$17.15Long Paragon: 24 payments, −$4.09; short BingX: 3 payments, +$21.24.
  • OK: Entry gap works for you+0.362% vs +0.338%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$217K vs $949K OI
    Paragon sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCParagon No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0060%/8h × 21 periods+$12.66
Price spread+0.362% → +0.338% (7d avg)+$2.38
Slippage, 4 orderslive order books−$122.07
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$118.83
Costs to cover1.339%Break-even72.7 days
Slippage: Paragon: live order book, 18 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGParagon28.8929.8 bp−$30107.8 bp−$1,078doesn’t fitdoesn’t fit
SELL · SHORTBingX19.1938.3 bp−$3889.8 bp−$898200.7 bp−$20.1K842.7 bp−$421.4K

Closing costs about the same again.

Alert

SOFI news

posts that mention SOFI or SoFi Technologies, from every exchangeSearch all news →
09-25 16:59ParagonOtherSoFi opened crypto transfers to outside wallets, with bank custody and a fixed network fee. $SOFI trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗